Intense Investor Competition for Low End Properties in N VA

By
Real Estate Agent with Samson Properties VA 0225-059831

Northern Virginia Distressed Property Wanted

Copyright (c) 2011, Deanna & Jim's GOLD Team

     We work with multiple local and out-of-state investors.  Some seek to buy and hold for rental. Some seek to flip.  

     Investors at all price levels are competing intensely for properties which are distressed, damaged, in less desirable areas, or have good renovation potential.

     Our investors have ready cash and can act swiftly for homes priced up to $450K.

     Their principal requirement is that the home is discounted at least 25% from after-remodel potential market value due to deferred maintenance, vandalism, damage, or other negative impacts.

     Our investors have access to contractors able to deal with most renovation situations. They are NOT however interested in:

* tear downs

* non-operating septic systems on lots < 1 acre

* properties occupied by tenants with leases ending more than 3 months from now

* condominium ownership properties

* '9-day sale' or other 'short flip' properties

 

     If you own such a property, or know someone owning such a property, in Northern Virginia please contact us in confidence.

Posted by

Deanna & Jim Gilbert, MBA, MSE, MA, CDPE, Associate Broker VA & MD

550+ Sales Since 2001

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